Bath & Body Works (NYSE:BBWI) Releases Q2 2024 Earnings Guidance

Bath & Body Works (NYSE:BBWI - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.310-0.360 for the period, compared to the consensus EPS estimate of 0.390. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion. Bath & Body Works also updated its FY 2024 guidance to 3.050-3.350 EPS.

Analysts Set New Price Targets

A number of research firms have commented on BBWI. JPMorgan Chase & Co. upgraded shares of Bath & Body Works from an underweight rating to a neutral rating and boosted their price target for the company from $40.00 to $53.00 in a research report on Friday, May 17th. UBS Group upped their price target on shares of Bath & Body Works from $46.00 to $52.00 and gave the stock a neutral rating in a research report on Monday, March 4th. Wells Fargo & Company upped their price target on shares of Bath & Body Works from $42.00 to $48.00 and gave the stock an equal weight rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on shares of Bath & Body Works from $49.00 to $56.00 and gave the stock a buy rating in a research note on Monday, March 4th. Finally, TD Cowen raised their target price on shares of Bath & Body Works from $35.00 to $55.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Bath & Body Works presently has a consensus rating of Hold and an average target price of $48.20.

Bath & Body Works Trading Down 12.6 %

BBWI stock traded down $6.53 during mid-day trading on Tuesday, hitting $45.28. The stock had a trading volume of 11,468,159 shares, compared to its average volume of 2,759,262. Bath & Body Works has a 52 week low of $27.30 and a 52 week high of $52.99. The firm has a market capitalization of $10.13 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.67 and a beta of 1.90. The firm has a fifty day simple moving average of $47.22 and a 200 day simple moving average of $44.03.

Bath & Body Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, June 7th. Bath & Body Works's payout ratio is 20.78%.

Insider Transactions at Bath & Body Works

In related news, insider Thomas E. Mazurek sold 4,285 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $48.89, for a total transaction of $209,493.65. Following the transaction, the insider now owns 45,992 shares in the company, valued at approximately $2,248,548.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Bath & Body Works Company Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.